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Whereas SM Leisure is at present dealing with back-to-back points, Okay-pop followers are laughing on the current transfer of Lee Soo Man, the label’s founder, who was kicked out in the course of the HYBE vs Kakao acquisition battle.
For the reason that begin of 2024, SM, one of many largest South Korean leisure firms, has been dealing with a number of controversies involving its artists in addition to inside affairs.
Amid all of those, Korean netizens are interested by the place Lee Soo Man is now, the founding father of the corporate, who spent 30 years since 1995 defending its legacy as “Father of Okay-pop.”
Lee Soo Man Sparks Laughter After Being Noticed at Taylor Swift Live performance Amid SM ‘Crumble’
SM Leisure’s Founder Lee Soo Man
With SM dealing with numerous points, Okay-pop followers can not help however blame SM’s present key folks; CEO Jang Cheol Hyuk, CAO Chris Lee and COO Tak Younger Joon who’re letting all of this occur.
Pink Bloods (SM stans) additionally thought that none of this is able to occur in the event that they did not kick out of Lee Soo Man attributable to a current infighting that occurred amid HYBE vs. Kakao acquisition over SM.
Regardless of their anger and “cold and warm” relationship with the founder, netizens cannot deny his expertise in managing its artists to keep away from these issues though he’s missing in different fields more often than not.
Whereas some visualized Lee Soo Man feeling dangerous seeing what’s taking place to the label he constructed half of his life, Okay-pop fans bursted with laughter after realizing that it was the opposite approach round.
Amid all SM’s points, Lee was seen having his time watching Taylor Swift’s live performance in Singapore alone, and it appeared like he did not thoughts no matter was taking place in Okay-pop.
dawg he actually offered the final shares of the corporate he based whereas his artists are having a mass exodus out of their contracts and now could be at a taylor swift live performance nonchalantly in his child woman period 💀 pic.twitter.com/OfXKFfryCs
— 𐕣 (@taeleeology) March 5, 2024
bumping into lee sooman after taylor swift’s second present in sg was not on my bingo card LOL no minho/lisa on sight however rlly simply lsm XGSVSHSH (the highest is taking me out, he’s in his swiftie period) pic.twitter.com/wMszKYlC7v
— syu 🖤 (@svtjeongz) March 4, 2024
aspired to stay like lee sooman- promote shares to rival firm and go someplace to take pleasure in life whereas watching every thing i constructed for the previous thirty years burned down in flames https://t.co/WRUTlJeG38
— ًً (@munyraaah_) March 5, 2024
This sudden transfer occurred after he offered all of his remaining SM shares to HYBE, fully leaving his former firm to his nephew’s fingers.
With this, Okay-pop followers exclaimed that Lee by no means didn’t do the funniest issues and left feedback on X.
LSM watching SM crumble as quickly as they kicked him out https://t.co/5pJFqPTcry pic.twitter.com/PdZM2bX7Vp
— MeowTae! (@Meowtae_1of1) March 5, 2024
With each artist leaving SM Information, I simply think about him chuckling with a glass of scotch staring into the night time metropolis view of seoul. https://t.co/hSHGXxdB5X
— Good&Nice Nami (@mindblinged) March 5, 2024
lsm might do the funniest factor ever and begin a brand new firm 😭 https://t.co/PkNxkfdbxO
— ri ¨̮ (@_namriwol) March 5, 2024
He might need had questionable actions resulting in his dispute with SM administration re: dealings together with his non-public enterprise (incl. additionally tax evasion, management of income)
…however Lee Soo Man the legend that you’re 😂😂 Haha you may’t make this shit up 😂😂😂 sana ol chill https://t.co/BuoD87QfMm
— sm 🌻 JINKI BOGOSHIPDA 🐰 (@rv5evershinee) March 6, 2024
Ngl I want he got here again bc nobody labored on/cared extra about aespa’s idea however him 😭😭 https://t.co/wrfGmmigxo
— mei 🌱 (@forkaromi) March 5, 2024
. @SMTOWNGLOBAL Coming SOON¡
If the corporate continues letting iconic singers and teams go, this can occur¡
Unhealthy choices¡
Yet one more instance that Lee Soo Man’s management and knowledge are wanted.#Taemin #ONEW #SM #LeeSooMan pic.twitter.com/fMjS69f16X— Me, Myself & I (@SoyOscarGM_) March 5, 2024
What Will Occur to SM Leisure?
At first of the yr, SM Leisure suffered a number of monetary losses after the lower in album gross sales, to not point out the variety of its artists who left the company corresponding to Tremendous Junior and EXO.
SM continued to face threats to its property following aespa Karina’s courting difficulty and mistreatment of aespa members, which led to rising boycotts from the fandom.
On March 5 then, SHINee, one in every of its largest moneymakers who’ve been loyal to them for 16 years, additionally confirmed Taemin, Onew’s departure from the label, and followers suppose it is just a matter of time earlier than extra of its unique artists will depart the company one after the other as properly.
With Kakao and HYBE holding a number of the largest shares in SM Leisure, there’s an rising expectation of how will they intervene within the points and the way will have an effect on SM artists.
Earlier, Kakao already hinted at its transfer, asserting that it’s going to change SM officers together with its executives who ousted Lee Soo Man.
READ MORE: Kakao to Kick Out SM Leisure Executives Who Ousted Lee Soo Man — Extra Particulars Right here!
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Written by Eunice Dawson.
